Bulgaria: Winding Wire Market 2025

Winding Wire Market Size in Bulgaria

In 2022, the Bulgarian winding wire market increased by 51% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a notable expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Winding Wire Production in Bulgaria

In value terms, winding wire production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Winding Wire Exports

Exports from Bulgaria

In 2022, exports of winding wire for electrical purposes from Bulgaria contracted significantly to X tons, waning by -34% against the previous year's figure. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 171%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, winding wire exports reduced sharply to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 185% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Serbia (X tons), Romania (X tons) and Germany (X tons) were the main destinations of winding wire exports from Bulgaria, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +31.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for winding wire exported from Bulgaria were Germany ($X), Serbia ($X) and Romania ($X), with a combined 64% share of total exports.

Germany, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, waning by -23.6% against the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Bulgaria

In 2022, approx. X tons of winding wire for electrical purposes were imported into Bulgaria; approximately reflecting 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, winding wire imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Greece (X tons) were the main suppliers of winding wire imports to Bulgaria, with a combined 52% share of total imports. Italy, China, Poland, Sweden and Romania lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest winding wire suppliers to Bulgaria were Germany ($X), Turkey ($X) and Greece ($X), together comprising 52% of total imports. Poland, Italy, Sweden, China and Romania lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, China, with a CAGR of +35.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, reducing by -5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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